Baxter International Inc (Baxter) is a medical technology company engaged in the development, manufacture, and sale of healthcare products, digital health solutions, and therapies. The company serves industries including hospitals, nursing homes, rehabilitation centers, ambulatory surgery centers, doctors' offices, and home healthcare under physician supervision. Baxter manufactures products in more than 20 countries and markets them in over 100 countries.

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Baxter focuses its R&D investment on select programs to enhance future growth through clinical differentiation. It focuses on the development of new products in various areas such as smart pump technology, hospital pharmaceuticals and nutritionals, and surgical sealants, among others. The company's investment in research and development (R&D), which is consistent with its portfolio optimization and capital allocation strategies, contributes to the company's future growth and ability to remain competitive in each of its product categories. In FY2025, Baxter spent US$518 million on its R&D activities, which as a percentage of revenue, stood at 4.6%. It has R&D facilities located in Sweden, Belgium, Italy, India, Germany, China, Japan, and the US.